MicroStrategy CEO Michael Saylor has urged major companies to explore incorporating Bitcoin (BTC) into their financial strategies.
He believes that investing in Bitcoin, rather than opting for share buybacks, could significantly boost a company’s market value while offering a hedge against inflation.
Saylor used Apple as an example, suggesting the company allocate $100 billion to Bitcoin instead of repurchasing its shares. According to him, such a move could potentially raise Apple’s market capitalization by $1 to $2 trillion. He explained that a $100 billion Bitcoin investment could grow to $500 billion, contributing to a business worth $500 billion and experiencing 20% annual growth.
Saylor also proposed that this approach would alter Apple’s valuation structure, with 40% attributed to Bitcoin holdings and 60% to its core business activities.
His recommendations are based on a firm belief that Bitcoin is the future of capital markets, providing a superior store of value compared to traditional cash reserves. As companies face challenges from inflation and currency depreciation, he sees Bitcoin as a more stable and appreciating asset for safeguarding their financial health.
Saylor also made a bold prediction, forecasting that Bitcoin could soar to $13 million per coin within 21 years, and encouraged companies to seize the opportunities presented by this “capital revolution.”
His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Veteran Bloomberg Intelligence strategist Mike McGlone has reiterated his bearish stance on Bitcoin, adding Dogecoin (DOGE) to the list of assets showing signs of weakness.